Posted on 02/16/2011 4:34:05 PM PST by Nachum
PhRMA’s quiescence on Obamacare badly hurt the industry — and all those who depend on medical innovation.
With the release of the president’s budget, it is now beyond dispute — Beltway spin notwithstanding — that the decision by the Pharmaceutical Research and Manufacturers of America (PhRMA) to support the health-care bill was one of the worst self-inflicted wounds in the history of lobbying. For biotech and pharmaceutical companies, the president’s budget repudiates one of the most important benefits of their “deal” with the White House: the ability to market biotech drugs without generic competition for twelve years. The president would reduce that period to seven years, precisely the position of the generics industry and a position that the pharmaceutical industry had fought aggressively before it decided to make a deal with the president.
(Excerpt) Read more at nationalreview.com ...
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F Obama and F Pharma.
Both are going to kill millions with their dirty deal.
One, I didn’t know the president got to write or change the law. Two, this is why you(any industry) don’t get in bed with the government.
this is what happens when ya make a deal with the debbil.
Obama can’t do that with patent law (not even using executive orders), but can (and did) cajole Congress.
See how many lives will be lost when a new, lifesaving drug comes out, and you get an aspirin, or plain penicillin, because the government mandates it. Say goodbye to miracle drugs of the future.
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